What is Cronyism?

Cronyism refers to the act of awarding jobs or favors to friends and close acquaintances, whether or not they possess the right qualifications for the role. In return, the crony becomes indebted to the person in power and may blindly support his or her decisions. Cronyism should be prevented since it is an unjust practice that causes a decrease in efficiency and productivity of the organization. Instead, board members should be chosen based on their own merit and experiences.